{"id":66800,"date":"2017-09-19T11:56:36","date_gmt":"2017-09-19T04:56:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-home-prices-to-rise-10-next-year\/"},"modified":"2017-09-19T11:59:13","modified_gmt":"2017-09-19T04:59:13","slug":"analysts-home-prices-to-rise-10-next-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-home-prices-to-rise-10-next-year\/","title":{"rendered":"Analysts: Home prices to rise 10% next year"},"content":{"rendered":"


\nMore redevelopment deals and increased foreign buying interest is expected to drive demand for Singapore homes.
\nFuelled by redevelopment deals and an increase in foreign buying, UOB Kay Hian expects home prices in Singapore to bottom out this year and climb by five to 10 percent in 2018, reported Bloomberg.
\nThis comes even as the government has kept most of the property cooling measures in place.
\nEarlier this month, Morgan Stanley also predicted home prices to increase by two percent this year and 10 percent by end-2018.
\nSEE ALSO:\u00a0Morgan Stanley: Home prices to rise by 8% in 2018
\n\u201cWe foresee the nascent recovery spreading to the mid-range and high-end segments in the next wave, driven by replacement demand from redevelopment of old housing projects and a pick-up in home-buying interest from foreigners,\u201d said Vikrant Pandey in a note.
\nThis year\u2019s redevelopment deals, which see homeowners in older buildings sell their apartments to developers, have exceeded the combined transaction value for the past four years at $3 billion. Armed with the money from these redevelopment sales, he expects these buyers to drive the demand for mid- to high-end homes.
\nDespite the 15 percent Additional Buyer\u2019s Stamp Duty imposed on foreigners, Pandey also expects foreign buying to increase as other overseas destinations have introduced their own measures to cool foreign demand.
\nHong Kong has doubled its stamp duties on foreign property buyers to 30 percent \u2013 exceeding that of Singapore, while Taiwan levied a punitive divestment-gains tax of up to 45 percent in January last year. Canada and Australia have also raised their transaction costs for foreign buyers.
\nPandey noted that the levelling of taxation costs is making Singapore property more appealing for foreign investors.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Analysts: Home prices to rise 10% next year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More redevelopment deals and increased foreign buying interest is expected to drive demand for Singapore...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-66800","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hnq","jetpack-related-posts":[{"id":66050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-home-prices-to-rise-by-8-in-2018\/","url_meta":{"origin":66800,"position":0},"title":"Morgan Stanley: Home prices to rise by 8% in 2018","date":"September 11, 2017","format":false,"excerpt":"\r The optimistic outlook for the property market is partly due to the slew of en bloc deals since May 2017. Morgan Stanley has released the most bullish forecast for the Singapore housing market, expecting private home prices to increase by two percent this year, before rising again by another\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/home-prices-to-rise-8-in-2018-morgan-stanley\/","url_meta":{"origin":66800,"position":1},"title":"Home prices to rise 8% in 2018, Morgan Stanley","date":"December 11, 2017","format":false,"excerpt":"\r With an \u201cup-cycle\u201d for Singapore property expected to last until 2020, Morgan Stanley sees home prices rising by as much as eight percent next year, reported Bloomberg. Signs of revival in the property market include the first hike in home prices in four years, record land deal prices, and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":36534,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-foreigners-buying-homes-in-singapore\/","url_meta":{"origin":66800,"position":2},"title":"More foreigners buying homes in Singapore","date":"November 30, 2016","format":false,"excerpt":"\r JLL recorded an increase in foreigners buying private homes in Singapore. Singapore\u2019s private residential market attracted even more foreign buyers during the first nine months of this year (9M 2016), according to the latest report from property consultancy JLL. In 9M 2016, foreigners \u2014 excluding PRs (permanent residents) \u2014\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-property-market-rebound-may-extend-through-2019\/","url_meta":{"origin":66800,"position":3},"title":"Singapore property market rebound may extend through 2019","date":"January 11, 2018","format":false,"excerpt":"\r Analysts believe the four-year slump that has plagued Singapore\u2019s property market may have come to an end as private home prices rose for a second consecutive quarter in the period ended-31 December. In fact, analysts at Credit Suisse expect home prices to grow by as much as 10 percent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":52051,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/morgan-stanley-expects-spore-property-prices-to-double-by-2030\/","url_meta":{"origin":66800,"position":4},"title":"Morgan Stanley expects S\u2019pore property prices to double by 2030","date":"April 17, 2017","format":false,"excerpt":"\r View of luxury condominium units in Singapore. With the property market closer to a bottom, Morgan Stanley expects property prices in Singapore to double by 2030, which works out to a five to six percent increase per annum, reported CNBC. This comes as the expected increase in transaction volume\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92959,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japan-land-prices-rise-for-third-straight-year-on-more-foreign-visitors-and-redevelopment-projects\/","url_meta":{"origin":66800,"position":5},"title":"Japan land prices rise for third straight year on more foreign visitors and redevelopment projects","date":"July 2, 2018","format":false,"excerpt":"\r Land prices in Japan as of January 1 rose for the third consecutive year on the back of brisk demand generated by rising numbers of foreign visitors and urban redevelopment projects, the National Tax Agency said in its annual report released on Monday. The increase of 0.7 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66800"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=66800"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66800\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}